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2411 FOUNTAIN VIEW ±2.43 ACRES INFILL HOUSTON | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P

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2411 FOUNTAIN VIEW ±2.43 ACRES INFILL HOUSTON | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P 2411 FOUNTAIN VIEW ±2.43 ACRES INFILL HOUSTON | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a Texas licensed real estate broker (“HFF”). CBD TEXAS MEDICAL CENTER GREENWAY WILLIAMS PLAZA RIVER OAKS TOWER AFTON OAKS GALLERIA MARATHON OIL CAPITAL ONE PLAZA BERING DRIVE 2411 FOUNTAIN VIEW AUGUSTA STREET WESTHEIMER ROAD 2626 FOUNTAIN VIEW DRIVE MARQUIS AT FOUNTAIN TANGLEWOOD VIEW BURGOYNE ROAD POTOMAC DRIVE INVESTMENT SUMMARY HFF is pleased to offer qualif ied investors an extraordinary opportunity to acquire ±2.43 acres Address: 2411 Fountain View, Houston, Texas located at 2411 Fountain View (“the Property”) in Houston, Texas. The Property is an exceptional site due to its location just west of the Galleria and south of Tanglewood. Future development will Size: ±2.43 Acres benef it from its immediate access to the highly amenitized Galleria/Uptown submarket along with Current Use: Office Building (Vacant) quick commutes to Houston’s other major employment centers. This offering represents a tremendous Multifamily, condominium, hotel, office, medical, or Proposed Use: opportunity to acquire a highly visible site that is ideal for multifamily, condominium, off ice, or senior living development senior living development. The Woodlands Grand Pkwy Lake The Opportunity Houston State Park ExxonMobil 69 The site is approximately ±2.43 acres and is located in a core infill location off of Westheimer and Fountain View.Corporate It is part Headquarters of the Galleria/Uptown District submarket (83,000+ jobs) and only 1.4 miles west from the heart of the district. Galleria/Uptown is the city’s preeminent, upscale shopping district, its biggest hotel district, one of the largest districts in the nation, and a world-renowned touristEastex Frwydestination. Galleria/Uptown by the Numbers Proposed Greenspoint Grand Pkwy Sam Houston Pkwy Lake Houston 83,000 Employees 100+ Restaurants 6M SF Retail Space 69 200,000 Daily Population 2,000+ Companies 32.2M SF Office Space 30M Annual Visitors 7,800 Hotel Rooms Northwest Frwy North Frwy Sheldon Reservoir ±352 FEET Westbelt Beaumont Hwy North Loop Baytown East Frwy Energy FOUNTAIN VIEW DRIVE Corridor ±414±414 FEETFEET ±414 FEET The Galleria ±449 FEET ±2.43 ACRES 2411 FOUNTAIN VIEW CBD George Bush Westchase Uptown District Park Westheimer Rd Greenway San East Loop Port of Houston Jacinto Bay Westpark Tollway Texas Pasadena Frwy Medical Port of Houston West Loop West Center South Loop Southwest Frwy Barbour’s Cut Terminal 69 Galveston Pkwy Bay Sam Houston Tollway Bayport Terminal Sugar Land Bend Gulf Frwy ±182 FEET Armand Bayou Park Fort NASA Clear South Frwy Clear Lake Lake 2411 FOUNTAINLeague City VIEW | 2 Smithers Lake Proposed Grand Pkwy | 2411 FOUNTAIN VIEW INFILL HOUSTON Aerial View Facing Northeast ENERGY CORRIDOR MEMORIAL CITY SECOND BAPTIST SAN FELIPE STREET BRIARGROVE TATE AT TANGLEWOOD FOUNTAIN VIEW DRIVE WESTHEIMER ROAD 2411 FOUNTAIN VIEW 2411 FOUNTAIN VIEW | 3 EXECUTIVE SUMMARY Superior Demographics The site is flanked by Houston’s most affluent neighborhoods and has outstanding demographics to support , numerous development configurations, with key measures that far exceed Houston MSA averages. , Q DEMOGRAPHICS 1-MILE 3-MILE 5-MILE Q , 2018 Population Estimate 34,342 212,490 513,826 202 Projection 36,823 228,023 547,755 Q Growth 2018-2023 7.22% 7.31% 6.60% Q , 2018 Average Household Income $111,856 $111,934 $119,790 , % HH income $250,000+ 4.08% 5.49% 6.16% Median Owner Occ. Housing Value $403,098 $552,715 $472,585 , , , , , , Houston Multifamily Market Poised for Growth Recognized Nationally as Top Performing Market Houston’s Economy: A Stalwart of Growth and Diversity Houston was recently ranked the #3 undersupplied metro in the nation by National Multi Housing Council Houston ranks as the 4th most populous city in the United States with 2.3 million citizens and the 5th most with an estimated 15,300 units needed annually from now until 2030 to meet population growth and populous MSA with 6.9 million residents. Houston was number 2 behind DFW in population growth over changing housing dynamics. By 2030, Houston will have an estimated 3.8 million renters based upon the the last year and has consistently added between 100,000 and 150,000 residents over the last 3 years. MSA’s prolific population growth. Additionally, 8,571 units are expected to deliver in the Houston metro On top of population growth Houston is home to greater than 3 million jobs and job growth continues to area in 2018, which is down from 21,707 units is 2016 and 13,843 units in 2017. increase with April T-12 numbers adding another 84,500 jobs. 2411 FOUNTAIN VIEW | 4 EXECUTIVE SUMMARY Lake Houston Houston’s Best Urban Infill Liability State Park Few locations outside of the loop offer the accessibility to prime employment that 2411 Fountain View offers. Located within minutes of Interstate 10, Highway 59 and the 610 loop, the site offers multiple commute options to all of Houston’s best employment, epicurean, retail, entertainment, professional sports and recreation experiences. ENERGY CORRIDOR GREENWAY PLAZA George Bush Intercontinental GREENWAY PLAZA Airport DOWNTOWN ENERGY CORRIDOR 10-Minute Commute 22,100+ Employees 20-Minute Commute 20-Minute Commute 105,195+ Employees 105,000+ Employees DOWNTOWN WESTCHASE DISTRICT 2411 FOUNTAIN VIEW TEXAS HOUSTON MEDICAL CENTER 20-Minute Commute WESTCHASE 110,000+ Employees DISTRICT GALLERIA/UPTOWN DISTRICT TEXAS MEDICAL CENTER 15-Minute Commute GALLERIA/ UPTOWN DISTRICT William P. Hobby 93,000+ Employees Airport 3-Minute Commute 83,000+ Employees Clear Lake Smithers Lake 2411 FOUNTAIN VIEW | 5 EXECUTIVE SUMMARY 2411 FOUNTAIN VIEW | 6 LOCATION OVERVIEW EXCEPTIONAL LOCATION NEAR GALLERIA/UPTOWN DISTRICT 2411 Fountain view has an exceptional location on the western edge of the Galleria/Uptown District, widely recognized as the city’s most livable area with a diverse mix of urban employment, entertainment, shopping and dining opportunities. The convenience and attractions of this location are unrivaled in the metropolitan area, and it is Houston’s original and most successful “Live, Work, Play” environment. The expansive mixed-use opportunities in the Galleria/Uptown District all represent a significant draw to the people in the area making it one of Houston’s most desirable markets. The submarket consistently draws the highest multifamily rents of any submarket outside of the 610 loop. The property is proximate to many major transportation corridors including the 610 loop and Sam Houston Tollway (Beltway 8), Houston’s inner and outer loops respectively, as well as Highway 59 and Interstate 10. The site has enviable access points of interest in the immediate area and the entire city including Houston’s main employment centers: Downtown, The Medical Center, Greenway, Memorial City, Westchase and the Energy Corridor. The accessibility offered by 2411 Fountain View is very unique, making this location highly attractive to investors. OFFICE RETAIL HOTELS/TOURISM RESIDENTIAL • 15th largest business district in the • 6+ million SF of gross leasable retail • Most sought-after tourist destination • More than 212,490 residents within a nation, comparable in size to the space - more than any other retail in the city - The Galleria Mall is the three-mile radius earning an average downtowns of Pittsburgh and Denver destination in Houston number one shopping and tourist household income of $111,934 attraction in the southwest • 32.2 million SF of commercial office • The Galleria Mall is the 4th largest • Nearby neighborhoods include space, 19.5 million SF of which is retail complex in the United States with • Host to more than 30 million visitors Tanglewood, Afton Oaks and River Oaks, Class-A more than 400 stores and restaurants annually where home values average more than covering 2.4 million SF $1 million • Signature buildings designed by the • The largest hotel district in Houston world’s leading architects including Post • Mall anchors Macy’s, Neiman Marcus, with 34 hotels and 7,800+ rooms • Per capita income is higher than Beverly Oak Central, Four Oaks Place, Four Leaf Nordstrom, and Saks 5th Avenue Hills, Buckhead and Highland Park • $313 million in hotel room revenue Towers, the Galleria and the 64-story average annual sales of $900/SF Village annually, generating the highest RevPAR Williams Tower • Annual retail sales in the submarket (Revenue per Available Room) in the city • Home to approximately 2,000 exceed $3.6 billion, making it the companies with 83,000 employees, highest volume of any retail shopping representing a variety of diverse district in the metropolitan area industries such as energy, financial, • Home to the largest number of couture information technology, real estate and retailers in the city including Bulgari, professional services Giorgio Armani, Hermes, Versace, and Yves Saint Laurent 2411 FOUNTAIN VIEW | 7 | 2411 FOUNTAIN VIEW INFILL HOUSTON Aerial View Facing Northwest MEMORIAL PARK MARATHON GALLERIA OIL SAN FELIPE PLAZA GABLES TANGLEWOOD TUSCANY SAN FELIPE STREET COURT TATE AT TANGLEWOOD TANGLEWOOD COURT CAPITAL ONE FOUNTAIN VIEW DRIVE PLAZA 2411 FOUNTAIN VIEW 2626 FOUNTAIN VIEW POTOMAC DRIVE WESTHEIMER ROAD 2411 FOUNTAIN VIEW | 8 MULTI-HOUSING MARKET OVERVIEW MARKET OVERVIEW Occupa ncy*: Average Occupancy 10Yr Avg 92.0% Building upon the momentum of late 2017, Houston reasserted its position as one of the national leaders in economic 89.7% 90.0% growth and multi-housing performance. In March, the U.S. Census Bureau reported that the Houston metropolitan area 88.0% population grew 1.4% last year (+94,417 people), ranking 2nd in the nation, while the latest figures from the U.S. Bureau QoQ Change of Labor Statistics showed 2% job growth (+62,500) over the last 12 months, ranking 4th amongst its peers. 86.0% 84.0% YoY Change These demand drivers propelled the multi-housing market forward, which recorded 15,406 units of net absorption year- 82.0% over-year in March according to Apartment Data Services.
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